- The initial unemployment subsidy applications dropped to 228k.
- Continuous unemployment subsidy requests were reduced to 1,879m.
American citizens who presented new Unemployment insurance requests decreased to 228,000 For the week that ended on May 3, according to the US Department of Labor (DOL) on Thursday. This figure was slightly lower than the initial estimates of 230,000 and was below the unpaid total of the previous week of 241,000.
The report also highlighted a seasonally adjusted unemployment rate of 1.2%, while the four -week mobile average increased by 1,000 to 226,000 from the unrectioned average of the previous week.
In addition, continuous applications for unemployment subsidy decreased by 29,000 to reach 1,879,000 in the week that ended on April 26.
Market reaction
The dollar maintains its bullish impulse on Thursday, around the 100.00 area, building on Wednesday’s profits.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
